Zach Davidson on Warpcast

0xen 🎩 pfp

underestimate culture and vibes at your absolute peril. blockchains very much are brands. back in the 60s Robert Irwin was frustrated that all the good artists would move from California to New York and a famous dealer told him that no matter your stature, a painting that would sell in 1 day in NY might take weeks or months to sell in LA. if you disagree and think blockchains are just invisible tech try launching yr consumer crypto product on IOTA or Stellar and see how far you get. https://x.com/dwr/status/1852062425773953092

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Dan Romero pfp

still doesn't fix d30

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Garrett pfp

d30 matters less and less when there's not user growth alongside it

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Zach Davidson pfp

Lol brother this is backwards Growth matters less and less when there's no retention preceding it Why attempt to grow something that people use once and stop using?

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Garrett pfp

Maybe it is! My point is that I think you can parrallel path growth and retention opposed to being 100% focused on retention Did early social apps solve for retention or network effects? Why did I come back to Facebook or Myspace in the early days? Because more and more of my friends were there to be social, not to consume content A lot of social media today is really about media and content consumption rather than a social network for me to talk to my friends or connect with a social circle

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Early days it was also a way more novel thing, social sites are a dime a dozen now

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Zach Davidson pfp

Totally - this just makes it even harder to get the flywheel spinning

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Juli 🎩↑ pfp

For Farcaster, every user that makes an account for whatever reason (degen, cool app, twitter alternative) can be retargeted and is more likely to turn into an active d30 user with some new feature, community, xyz. It’s unrealistic to think users will come, ditch other social media apps & stay active on Farcaster from now on. Same happened with most users on Twitter & co. it’s normal to drop off initially, to log in only once every couple of months.. It’s not normal to stop onboarding, retargeting, working on product or retention. I follow @garrett and think there’s just way too few people coming through the front door. With more people coming through the front door, checking stickiness, asking (tracking) them for feedback, we’ll definitely improve the xp here. Even if many log off after a week, they’ll make connections or even contribute to the conversation for a week (if Farcaster lets them join channels 🫠) AND both - they & other Farcaster - users benefit short- & long-term.

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Zach Davidson pfp

> It’s unrealistic to think users will come, ditch other social media apps & stay active on Farcaster from now on. Fwiw, I never said this, nor do I believe it. But again, I'll ask: Why invite more users through the front door when the exit is wide open (ie. lack of retention)?

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Garrett pfp

Network effects

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Zach Davidson pfp

Network effects are a spectrum, not a binary. Network effects grow as the network grows *if any only if* you have retention.

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Garrett pfp

Don't you think I'm more likely to log in to check or see something on a particular platform if I already have an account?

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Zach Davidson pfp

No - I don’t believe having an account makes you more likely to check an app. I'm sure you have accounts for *many* products you don't use. Or am I wrong, and you only sign up for products you use daily? Again, retention of old users matters more than getting new users if the old users don't retain.

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Garrett pfp

If someone sends me a link to a cool piece of content or mini-app or frame on Farcaster and I don't have an account already then I'm probably less likely to engage with it than if I've already onboarded and have an account >> retention of old users matters more than getting new users if the old users don't retain For social apps, part of the retention for old users is a relatively healthy flow of new users until there's significant network effects. they're both important and linked.

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Zach Davidson pfp

Appreciate the back and forth here :) So should we give every Ethereum wallet an FID just so they can open links in Farcaster?

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Garrett pfp

Lol that's not what I'm advocating for. That's the extreme other end of the spectrum. I just think there should be a better balance between retention and growth. I think retention gets too much of the focus which has led to a near complete disregard for growth

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Garrett pfp

Yeah likewise! I've enjoyed the back and forth :)

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